Mizuho Analyst Raises AMD Target to $175 on Renewed China AI Chip Opportunities

Analysts at Mizuho have raised their price target for AMD to $175, citing renewed opportunities in China's AI chip market. The Trump administration's decision to allow Nvidia and similar AI accelerator providers to resume shipments to China is expected to benefit AMD, which will be able to resume shipments of its MI308 chips to China. The market is estimated to be worth $50 billion in value.

Mizuho Securities has increased its price target for Advanced Micro Devices (AMD) to $175, driven by renewed opportunities in China's AI chip market. The move follows the Trump administration's decision to allow Nvidia and similar AI accelerator providers to resume shipments to China [2].

The resumption of shipments is expected to benefit AMD, which will be able to restart deliveries of its MI308 chips to China. The market for AI chips in China is estimated to be worth $50 billion in value [2].

Mizuho's analysts cited the potential for increased revenue and market share gains as the primary reasons for the price target increase. The firm's projections align with the broader analyst consensus, which remains firmly bullish on AMD's prospects [1].

The news comes as tensions between the U.S. and China have cooled following a heated trade war. The Trump administration's decision to allow Nvidia to resume shipments to China is seen as a significant step towards easing export controls on AI chips [2].

AMD's stock has surged over 6% in the past week, reflecting strong market confidence in the company's growth prospects. The stock is currently trading at a P/E ratio of 114x, with a beta of 2.05, indicating higher volatility [1].

AMD is scheduled to release its fiscal second quarter 2025 financial results on August 5, 2025, with a conference call to discuss the results. Additionally, AMD's CFO, Jean Hu, will present at Citi's 2025 Global TMT Conference on September 3, 2025 [1].

References:
[1] https://www.investing.com/news/analyst-ratings/amd-stock-price-target-raised-to-175-from-130-at-bofa-on-ai-growth-93CH-4136327
[2] https://www.cnbc.com/2025/07/15/amd-mi308-ai-chip-china.html